Central bank sees slowdown in wage gains from collective agreements
Average weekly earnings rose to $1,312: Statistics Canada
Widespread downgrades not forecast, as companies have buffers
Unemployment rate rises to 4.6%, the highest level since 2021
At the same time, continuing claims are at their lowest level since April
Layoffs rose to almost 1.9 million, the most since January 2023
Decision will weigh strong job reports against slowing economy, inflation 'noise'
Labour markets remain "frozen," economist says, while inflation is still above the Fed's target
The job gains were concentrated in part-time positions: Statistics Canada
The report potentially complicates the Fed’s upcoming rate decision